6 Singapore REITs that could be COVID recovery plays
The recent pullback in Singapore REITs (Real Estate Investment Trusts, also know as S-REITs) provides an opportunity for investors according to DBS Wealth Management.
In a recent note to clients, the leading Singaporean financial services firm named 6 REITs listed on the Singapore Exchange that could flourish as economies continue to recover from the COVID-19 pandemic.
These are the 6 Singapore REITs to watch.
CapitalLand China Trust (SGX:AU8U)
With a property portfolio including 13 shopping malls and five business parks across 11 cities in China, CapitalLand China Trust (CLCT) is the largest China-focused REIT in Singapore.
Lendlease Global Commercial REIT (SGX:JYEU)
The two highest-profile property interests in the Lendlease Global Commercie REIT’s (LREIT) portfolio are the 313@somerset building on Orchard Road in Singapore and the Sky Complex in Milan, Italy, which is home to Sky Italia’s media operations.
Ascott Residence Trust (SGX:HMN)
Ascott Residence Trust (ART) invests predominately in hotels and serviced apartments. It is the largest hospitality trust in Asia Pacific. ART’s portfolio comprises 86 properties with more than 16,000 units in 38 cities across 15 countries in Asia Pacific, Europe and the United States.
Its US properties include Hotel Central (Times Square), Element New York (Times Square West), Sheraton Tribecca New York and Signature West Midtown (Atlanta, Georgia).
CDL Hospitality Trusts (SGX:J85)
The CDL Hospitality Trusts REIT portfolio comprises six hotels and one retail mall in Singapore, two hotels in Australia, one hotel in New Zealand, two hotels in Japan, two hotels in United Kingdom, one hotel in Germany, one hotel in Italy and two resorts in the Maldives.
In total the REIT owns 4,638 hotel rooms globally.
Far East Hospitality Trust (SGX:Q5T)
Far East Hospitality Trust’s (FEHT) owns a portfolio of hotels and serviced residences in Singapore. It has 13 properties in total, comprising of 3,143 rooms.
Most of FEHT’s properties are located in Singapore’s Core Central Region, including the Orchard Road Shopping Belt, the Marina Bay and Singapore River.
ARA US Hospitality Trust (SGX:XZL)
ARA US Hospitality Trust’s portfolio comprises 41 upscale select-service hotels across 22 U.S. states. The Hotel Brands it has invested in are; Hyatt Place, Hyatt House, Courtyard Marriott, AC Hotels by Marriott and Residence Inn by Marriott.